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By Jean Scott, G. A. Collins, G. W. Hodgson

WHILE it is well known that trace metals in crude •oils and distillates have been a matter of deep concern to refining engineers because of the damage done .by the metals to cracking catalysts and refractories (8, 5), the trace metals in crude oils may be of great benefit in correlation studies and in origin studies. During the geological processes in which the oil is formed from •animal and vegetable life, the hydrocarbons are subjected to a host of inter-related reactions, both physical and chemical. It has been well demonstrated that the lighter materials, certainly the short-chain paraffin hydrocarbons, are degradation products of the heavier molecules, and it might be concluded that for correlation studies it would be advisable to direct attention as much as possible not to the degradation products of the large molecules but to the large molecules themselves. Be this as it may, the methods at •hand to conduct the study are not particularly precise and, in the past, attention has centred on the simpler small molecules, as evidenced by the great mass of work involving distillation and chromatography with painstaking separation of the simpler 'front-end' hydrocarbons.

Jan 1, 1954

By R. E. Eyre, L. P. Landucci

C URRENT practice in the zinc concentrate roasting plant of The Consolidated Mining arid Smelting Company of Canada Limited, at Trail, B.C., involves passing the furnace effluent gases through an electrostatic precipitator for the recovery of dust. After removal of the dust the gas is treated for recovery of sulphur dioxide by conversion into sulphuric acid ( 1). However. as roasting techniques improved, and furnace productivity in-creased, the rated capacity of the precipitator was exceeded and it was necessary to consider various means of improving the dust recovery. A study of methods indicated that a baghouse using silicone-treated glass fabric, might be suitable for this particular application. Glass fabric was chosen because the temperature of the roaster effluent gases would range from 450°F to 500°F and tempering air was undesirable to avoid dilution of the sulphur dioxide gas.

Jan 1, 1962

By Stephen Hardcastle

Supplying ventilation in underground metal mines can be one of the most energy demanding services required to support production activities. Consequently, as energy, in the form of electricity or combustible fuels can be expensive and their unit cost is expected to increase, there is significant interest in reducing the overall demands of a mine?s ventilation system through such initiatives as controlling ventilation based upon demand and exploring other power alternatives to the current usage of the diesel engine in mobile mine vehicles. However, determining the benefit of any energy saving technology is complex and not universal applicable across the industry, consequently they have not been widely adopted. For these technologies to succeed they must be strategically applied based upon sound business cases. The intent of this paper is to provide information on some of the prospective control strategies and their potential impact on the power consumption related to supplying ventilation.

May 1, 2007

By F. Mohamm

"Recent changes in regulations and scientific advances concerning selenium bioaccumulation have placed greater importance on non-biological treatment systems for selenium control. Mining wastewater contains hexavalent selenium (selenate) as the predominant aqueous species and possibly small amounts of tetravalent selenium (selenite). Non-biological removal of selenite is accomplished readily and cost effectively by ferric co-precipitation and adsorption using ferric oxyhydroxides sourced from ferric salts or iron anodes in electrocoagulation cells. Selenate on the other hand is difficult to remove. It is often incorrectly assumed that electrocoagulation is suitable for removing both selenite and selenate. Selenate removal efficiency by electrocoagulation is low and the amount of waste residue produced high. In contrast, BioteQ’s Selen-IX™ process removes selenate very efficiently and produces a much smaller amount of stable residue. The process combines selective ion exchange with electro-reduction of selenate in electrocells that physically resemble electrocoagulation cells but are designed and operated differently. This paper summarizes four years of pilot scale demonstration on a wide range of mine waters and discusses the key benefits and limitations of Selen-IX™. The pros and cons of combining ion exchange with electro-reduction in comparison to direct electro-reduction of selenate are also reviewed.INTRODUCTION Selenium in Mining and Mineral Processing Effluents Similar to sulphate and metals, selenium presence in mining and mineral processing wastewater originates from minerals contained in the mined deposits. Therefore, no organoselenium species are typically present in these kinds of waters and inorganic species including selenite (SeO32-), selenate (SeO42) and elemental selenium account for the majority, if not all, selenium present in these streams. Elemental selenium is not always present in mine water but is often contained in smelter wastewater. To comply with new environmental regulations, a successful water treatment plant must remove selenium from all these forms effectively and economically without generating by-products that are difficult to dispose of or manage. Elemental selenium can be dealt with using filtration or gravity separation in clarifiers often assisted by flocculants and/or coagulants. Mine impacted waters typically contain other forms of suspended solids which are removed from water in this way. Once the solids are removed, the selenium species that remain untreated are the dissolved forms. In mining waters this is mostly selenate with small fraction of selenite. In smelter wastewater, the majority could be selenite. It is well established that tetravalent selenium is readily removed from water by using ferric iron co-precipitation at pH > 4 (NAMC SWG, 2010). Ferric hydroxide/ferrihydrite solids act as the adsorbent for tetravalent selenium when it is in one of the ionic forms of biselenite or selenite. This treatment for tetravalent selenium is highly efficient. Therefore, tetravalent selenium removal is generally not an issue and is often easily incorporated into lime neutralization or unit operations such as electrocoagulation used for removing other metals present in mine impacted waters. Another option of dealing with tetravalent selenium is sulphide precipitation in acidic pH which produces SeS2 and can separate selenite from other metals and/or sludge produced at neutral to alkali pH."

Jan 1, 2017

By Richard D. Moffett

The MineSight® Implicit Modeler arms geologists, engineers and surveyors with a better approach to 3D modeling. Use the tool to quickly retrieve a 3D wireframe from drillhole data and onscreen interpretation. Generate faster and more informed decisions to guide future work and improve reproducibility of results. Implicit Modeling is a mathematical surface fitting method that interpolates points to give a smooth and realistic fit. Control results by mixing planar, sectional and non-orthogonal polygons or polylines, as well as drillhole information to create solids or surfaces. The outcomes are particularly valuable to identify ore body trends, generate 3D contours of drillhole intercepts, or produce cut-off 3D maps. MineSight Implicit Modeler (MSIM) is fully integrated in MineSight?s robust and versatile suite of products, allowing you to interpret, interpolate and calculate while moving between applications. It connects seamlessly with the MineSight Torque SQL database, offering access to extensive filtering options. MSIM makes modeling much faster, allowing geologists more time to analyze data and test theories. The presentation will reveal how MSIM complements MineSight?s geomodeling workflow.

May 1, 2013

By H. A. Hamza

An experimental study of the settling characteristics of a washery effluent originating as tailings from a froth flotation circuit was undertaken by using a systematic approach to select the most appropriate flocculant(s) under predetermined conditions. Selection and evaluation procedures which greatly reduce the effort required to select flocculants are described. The results show that, although different flocculants display superiority at different ranges of dosage. Separan MG 700 (Dow) is the most suitable on absolute economic grounds. Flocculant evaluation is based on a Cost Performance Index (CPI) which expresses the cost of flocculant (¢/ton) required to produce a unit settling rate (in./hr). From experiments carried out with a number of flocculant aid and flocculant combinations, it was concluded that the use of flocculant aids can be economically justified only if the settling rates required are higher than those obtainable at the optimum flocculant dosage. Otherwise, the value of the flocculant aid appears to be limited largely to the reduction of supernatant turbidity.

Jan 1, 1979

By M. J. Collins, B. Parekh, A. Hasenbank, B. Hewitt

Newcrest Mining Limited, originally as Lihir Gold, has operated a pressure oxidation plant for the recovery of gold from refractory ore since 1997. The mine and gold plant are located on Lihir Island in Papua New Guinea. Design of the original pressure oxidation circuit was based on the results of pilot plant tests conducted by Sherritt in Fort Saskatchewan. Following a decision to expand the plant in 2008, Lihir Gold contracted Sherritt to design a new autoclave. The design exercise utilized the original pilot plant test results, commercial process results at Lihir, and an understanding of advances in autoclave technology since the original plant was built. The new Lihir autoclave will be the largest horizontal, multiple-compartment autoclave in the world. The design process for the pressure oxidation expansion is described in this paper.

Jan 1, 2011

What Bottleneck? ??Resurgence of BC Mining Industry; ??Climate of heightened activity ?Increases pressure placed upon regulatory agencies; ??Current EA and permitting system, when Federal agencies are involved, remains duplicative and inefficient ?not necessarily leading to better decision making; ??Inefficiencies will impederecovery

May 1, 2006

By J. O. Pitts

"Background The preponderance of Canada's coal resources is located in areas remote from high demand domestic users and at some significant distances from deepsea ports. This places great demands on the transportation system and has forced the coal and the transportation industries to adopt highly efficient methods of handling the product and hauling it to market position. Most of the coal not consumed in minemouth thermal power stations is carried by rail over lines operated by the two transcontinental railway systems, Canadian National and Canadian Pacific. These rail networks are extensive and have the advantage (as compared to most other North American railways) of being able to handle coal movements from origin through to destination without interchange to other rail carriers. Coal SourcesWith exception of the coal produced in Cape Breton, Nova iScotia, all the significant shipping volumes in Canada emanate ifrom mines located in the three most westerly provinces. Figure I ishows the geographic distribution of the major mining operaitions shipping coal to domestic and export markets. The prinicipal routes and the tonnages carried (1980 calendar year) are ialso indicated. iThe 1980 shipping data are summarized in Table I. Saskatchewan lignite began moving from Bienfait to Thunder Bay by CP Rail unit trains in mid-1981 at the rate of one million tonnes per year. The product is handled through Thunder Bay Terminals and delivered directly to a nearby Ontario Hydro electrical generating station."

Jan 1, 1985

By H. Brodie Hicks

"THE REVIVAL of the Mayo mining camp, with particular reference to the activities of United Keno Hill Mines, Limited, has been one •of the more spectacular and also one of the most important of the post-war developments in the Canadian mining field. The geological location of the camp, coupled with other natural disadvantages, have in the past limited the mining area to small-scale, highgrading operations, but the post-war improvement in metal prices has now broadened the possibilities and has led to the considerable success achieved by United Keno Hill Mines, Limited, and the present boom-type development by a whole host of newcomers to the field.LocationYukon which has an area of 207,000 square miles, is showing ever increasing possibilities as a mineral source of great value and more and more attention is being focussed on the Territory. The accompanying generalized map (Figure 1) shows the main transportation routes and mining districts.The Mayo Mining District comprises roughly the eastern two thirds of Yukon Territory lying north of McMillan river and south of the Peel. The district was one of the first in the Territory in which placer gold was discovered, but the occurrences proved of minor importance. Other minerals reported include ores of tungsten, tin, antimony, and several other metals, but of primary importance have been the ores containing silver-lead-zinc-cadmium now being developed and mined in the Keno area. Similar ores have been found over a very considerable area, extending some 50 miles north, 15 miles east, 30 miles west, and 10 miles south of the townsite of Keno Hills, Keno City, a total area of 2,700 square miles."

Jan 1, 1952

By P. Abachi

Cemented carbides or hard metals that generally consist of hard tungsten carbide and a tough metal binder such as cobalt are important in many segments of the world economy, ranging from automobile related components to machining, cutting, and drilling tools. For metal cutting operations such as turning and milling, replaceable cemented carbide inserts are frequently used. The exposure of inserts to very severe conditions (e.g. temperatures as high as 1000°C) in combination with very high loads, limits their lifetime. When the tools and components are scrapped, they are collected with a view to recovering the tungsten carbide and cobalt due to both their environmental aspects and their strategic importance. In this work, a selective electrolysis process was used for recovery of WC powder particles from cemented carbide scraps. The WC-10Co and WC-10Co-VC up to 3 wt.% VC was produced using powder metallurgy route. The mean particle size of WC, Co and VC were selected as 2.5, l.5 and 2.2 µm respectively. Referring to electrochemical curves of WC-10Co cemented carbides in hydrochloric acid solutions with different concentrations, the recovery rate was enhanced in IN acid. Therefore, this solution was selected for recycling of all samples. The surfaces of as-produced and corroded specimens were investigated using a scanning electron microscopy (SEM). Detection of corrosion products was provided by energy dispersive spectrometry (EDS). According to results, the selective electrolysis process could be useful in the recycling of scrap carbide materials, although more studies should be undertaken on economical aspects of the process and the quality of samples produced using recovered powders.

Jan 1, 2005

By Vicki Tschirhart, Bill Morris, McMaster University

A new method for mapping faults within basement rocks underlying the Thelon Formation and glacial overburden was developed and tested in the Aberdeen Sub-basin. This method utilizes newly acquired aeromagnetic data, the Blakely algorithm for defining magnetic source edges, a calculated dip-direction map, a digital elevation model (DEM) derived from the Canadian Digital Elevation Database, and the positions of identified, inferred and newly mapped faults that are within and adjacent to this sub-basin. Combining these data revealed three age groups of faults. One group is seen only on the DEM; these faults are young brittle structures that have no effect on the sub-Thelon basement unconformity, and are not visible on the dip direction map. A second group is evident on the dip direction map but not the DEM; these faults are old basement structures that did not propagate upward through the Thelon Formation. The third group is expressed on both the DEM and dip direction map; these faults are also old structures that propagated upward during and/or after deposition of the Thelon Formation. The latter group of faults may be of greatest interest for uranium exploration, with reactivation increasing their potential to serve as conduits to transport uranium-rich fluids and focus deposition at or near the unconformity surface. This methodology has promise for comprehensive mapping of basin faults and tracking the tectonic development of the whole Thelon Basin through time.

Jan 1, 2013

By J. M. Cummings

CONSIPERABLE information on the industrial or non-metallic mineral resources of British Columbia has been published. For a general resume of the subject, reference may be made to a paper presented by A. M. Richmond before the Annual General Meeting of the Institute in 1935 (1). To avoid duplication, the present paper is confined to a discussion of the existing industrial mineral industry of the Province and of the factors governing its present and future development. British Columbia's mineral production in 1936 had a value approximately 15 per cent of that for the whole of Canada. Preliminary estimates for 1937 indicate that this proportion has been maintained, although the totals have increased about 25 per cent. The following table presents comparative figures, for the year 1936, illustrating the relative importance of the major divisions of the mineral industry in British Columbia and in Canada as a whole.

Jan 1, 1938

By A. F. Matheson

The St. John Del Rey Mining Company, Limited, is an English company owning 150 square miles -of mining lands near Belo Horizonte, Minas Geraes, Brazil. The area is 2,300 to 5,000 feet above sea level, with a pleasant and healthy climate. Bedrock is Precambrian. The Nova Lima series of metamorphosed sediments and some volcanics is overlain uncomfortably by the Minas series of quartzites, itabirites. etc. Batholithic granite and gneiss cut both series and basic dykes cut all these rocks. There are important deposits of gold, iron, and manganese on the Company's holdings, as well as occurrences of arsenic, antimony, cobalt, nickel, dolomite, day, quartz, -ochre, bauxite, kyanite, and asbestos. Except for gold and consequent recovery of arsenic, all the other materials are relatively unexploited. The Company operates the Morro Velho gold mine and the Espirito Santo and Raposos gold mine. The Morro Velho mine was purchased in 1834 for £56,000. To the end of 1952 it had produced 7,000,000 troy ounces of gold from 15,000,000 short tons of ore. The ore z?ones are replacement deposits in a sinuous siliceous dolomitic rock locally termed "lapa seca," and plunge east, near surface at 45 °, at 8,000 feet at 15°. The ore minerals are pyrrhotite, arsenopyrite, pyrite, and chalcopyrite. Gold is finely distributed and almost nowhere visible. Ore reserves at the end of 1952 were estimated at 5.5 million short tons grading 0.39 oz. gold per ton. Chances exist for new ore within the mine area. The Espirito Santo and Reposos mine, in folded banded iron formation, has mineralization similar to Morro Velho but sulphides are less abundant. The mine to a depth of 2,500 feet has estimated ore reserves of 1.5 million tons of an average grade of 0.28 oz. gold per ton. New ore may be expected both laterally and at depth. To the end -of 1952, the ?Company had paid dividends of almost £4,- 600,000, largely earned from the operation of the gold mines.

Jan 1, 1956

By J. C. Gathje

Newmont&apos;s Phoenix Project is located near Battle Mountain, Nevada and is scheduled to produce copper concentrates containing high precious metal values. High temperature pressure oxidation (PDX) of the concentrates was considered as a treatment option during process development. The metals content in Phoenix concentrates range from: 15-25% for Cu, 1-10% for Zn, 0-2% for Pb and ?27% Fe. The precious metals content of the Phoenix concentrates can range up to ?300 g/t Au and >3,000 g/t Ag. As a consequence it was necessary that any process for consideration should have the capability of recovering both the copper and precious metal values. Typically, gold can easily be leached from the autoclave discharge solids, but silver is chemically bound with the jarosite formed and cannot be directly leached. Laboratory investigations led to the development of a patented PDX process that minimizes the formation of jarosite so that the silver can be leached easily along with the gold. The process was confirmed with extensive pilot plant testing. Excellent solution extraction of copper and zinc was achieved, and both iron and lead were precipitated in the PDX residue. The process produces clean PDX discharge liquors with very low iron concentrations. As an example, conventional PDX techniques resulted in pregnant liquors containing ?5 g/L Fe. However, the Newmont process, which controls the iron and sulfate species, achieved high iron precipitation in the PDX solids and pregnant liquors containing <0.5 g/L Fe. High gold and silver recoveries were achieved by direct cyanidation of the PDX solids. This process has the added benefit of producing PDX solids that demonstrate superior settling and filtration characteristics.

Jan 1, 2006

By J. E. Gillespie

Introduction Mineral wool may be defined as "rock, slag, or glass fibres made by a process of melting and blowing by steam or air, containing a minimum of oil and unfiberized material" (U.S. Bureau of Standards CS 117-44). The earliest production of the material was in Wales, about one hundred years ago. In the United States, the industry daces from 1870 when a plant, using slag as raw material, was established in Greenfield, New Jersey. It was not until 1897, however, that large-scale production was commenced on this continent at a plant in Alexandria, Indiana, which utilized rock from nearby deposits. Today, mineral wool is manufactured in many parts of the United States and Canada, the plants for the most part being in close proximity to deposits of suitable rock or to sources of slag. In the United States there are some seventy-five producers with a total annual capacity of nearly one million tons of wool. In Canada, in 1946, eleven manufacturers produced about fifty million square feet of batt-type mineral wool insulation material. Mineral wool is, perhaps, the most efficient of all heat-insulating materials and, moreover, it is fireproof, extremely durable, and insect- proof. Its high efficiency is due to the very low thermal conductivity of the fibres themselves and to the fact that the produce as marketed contains up to 90 per cent non-conducting air space. Depending on the degree of compression of the fibres in the manufactured product, the specific gravity ranges from 2 lb. to 10 lb. per cubic foot. Products Marketed Following are the principal forms in which mineral wool is marketed: Blanket. - Mineral wool with or without reinforcing on one or both sides, with various types of confining media, all suitably bound together.

Jan 1, 1948

By ByongPil Lee, Changkyu Lee, Jin Gyun Park, Hyung Sub Eom, Sung-Koo Jo, Jae-Young Lee, Gilsoo Han

"A new hydrometallurgical process for nickel extraction from a low grade laterite ore such as limonite has been developed by RIST and POSCO. This POSCO Nickel Extraction Process (PosNEP) consists of five main processes: ore reduction using hydrogen as a reductant; acid leaching at atmospheric pressure and temperature; cementation by the use of reduced-ore seed; production of the main product such as ferronickel or a high purity nickel compound; and production of by-products such as cobalt and iron in the forms of cobalt sulfate and iron oxide. In addition, hydrogen produced in acid leaching and hydrochloric acid regenerated in pyrohydrolysis for iron oxide production can be reused in the process, which makes PosNEP more cost-effective. The performance of PosNEP has been proven through pilot tests, showing that this process is economically and technically viable. In this paper, basic concepts and detailed test results of PosNEP are shown.INTRODUCTIONNickel has been extracted from two types of ore, sulfide and oxide ore. Nickel and cobalt usually occur together in the ores. The principal ore mineral of the sulfide is pentlandite, (Ni,Fe)9S8, which is easily beneficiated to produce sulfide concentrates(Moats & Davenport, 2014). These concentrates are usually treated by smelting and converting to make a matte. The produced matte is then purified through either hydrometallurgical or pyrometallurgical processes to produce high-purity nickel. In general, this process for sulfide ore has been known as a more cost-effective process than that for oxide ore.The oxide ore is laterite comprised of two different ore types, saprolite and limonite. The main nickel-bearing mineral of saprolite is nickeliferrous garnierite,(Mg,Ni)6Si4O10(OH)8, and that of limonite is nickeliferrous goethite (Fe,Ni)O·OH ore (Moats & Davenport, 2014). Since the saprolite has high contents of nickel and slag formers (MgO and SiO2) and a low content of iron, it tends to be treated by a pyrometallurgical smelting process such as calcination and electric furnace techniques to produce ferronickel for use in stainless steel. In this process, the cobalt in the ferronickel does not have any economic value."

Jan 1, 2017

By H. Oterdoom, S. Pilger, T. P. Bui, J. Rotarius

"Most FeNi furnaces used to rely on post-combustion and off-gas cooling inside the furnace to eliminate the produced CO gas, and control the off gas temperature. As furnace load, capacity, and thus gas volumes increased over the years, this led to increased instabilities that can cause problems in controlling the operation. Some of the large capacity furnaces nowadays work with partial or full combustion outside the furnace, more similar to the steel industry. Forced combustion with or without enriched air and other additions can support in controlling post-combustion, stabilizing and even reducing off gas amounts, and affecting composition. This paper presents some of the possibilities and advantages of having a specially designed post-combustion system for the FeNi laterite industry, but that could also be applied to other processes as well.Large Scale Furnaces In the FeNi industry, the Rotary Kiln Electric Furnace (RKEF) process is still going strong in spite of continuous hope that hydrometallurgical processes will one day make the RKEF plant obsolete. Within the pyrometallurgical plants there is a continuous trend for larger scale furnaces. The development for a number of furnaces that were started before 1985 and increased capacity by “natural growth” is given in Figure 1. Natural growth refers to the development of the plants that after having mastered a certain level of operation, were ready for a higher load that could be installed either with a new furnace on the same site, or during a revamp. The advantages of natural growth are numerous, for example: •,Deep knowledge of the ore and its’ behavior, no need for testing, and little risk of surprises. •,Mining, laboratory, equipment, etc. is all proven technology for the conditions on site. •,Starting a furnace with increased capacity is a re-start, not a green-field commissioning. •,Typically, when increasing the production capacity of an existing plant, not the entire plant is commissioned for the first time, but only a part. In the FeNi laterite industry for example, the kilns may already have had the capacity to provide enough material."

Jan 1, 2017

By Roger Lacroix

L?arrivée de nouvelles technologies sur le marché des foreuses portables combinée au besoin des mines à mieux consommer l?énergie électrique ont permis d?identifier le potentiel de deux nouveaux type de foreuses présentement utilisées en Afrique du Sud, à savoir les foreuses électriques et les foreuses hydrauliques actionnées à l?eau. Grâce à la collaboration de mines Niobec et Géant Dormant de Cambior Inc., ainsi que d?Hydro-Québec, le potentiel réel d?économie énergétique des foreuses portables hydrauliques et électriques par rapport aux foreuses conventionnelles à air comprimé a été évalué pour des roches dures et moles. Ainsi, cet article a pour objectif d faire ressortir ces potentiels d?économie énergétiques. En outre, les résultats pour une mine mécanisée et une autre mine de type filonien, dans lesquelles on retrouve des conditions de terrain différentes, seront présentés. Les résultats montrent un potentiel d?économie énergétique d?environ 70% pour la foreuse électrique et d?environ 50% pour la foreuse actionnée à l?eau. Ces résultats montrent qu?il est possible d?obtenir une meilleure efficacité énergétique par mètre foré. Ainsi, il apparaît maintenant intéressant de poursuivre les travaux de développement des deux technologies pour les applications de forage vertical et de tensionnement des boulons, et de viser à accroitre le taux de pénétration de la foreuse électrique pour le rendre équivalent à celui de la foreuse à air comprimé.

May 1, 2007

By Karl J. C. Harries

"8.1. INTRODUCTIONThe purpose of this chapter is not to provide precedents or examples of provisions, but rather to offer some comments that may be worth considering in the negotiation or review of an agreement. These comments are not intended to be exhaustive. It must also be noted that, although the chapter is written in the context of a common law joint venture, the concepts and concerns for the most part apply equally to a corporation that is owned by only a few shareholders for the purpose of participating in the project held by the corporation.The corporation has the advantage of having much of its organization established by local corporate law, but the particular wishes of the shareholders will appear in a shareholders’ agreement. The principal differences will be surprisingly small, save for the acquisition provisions that appear in a farm-in agreement1 and the substantial portion of the joint venture agreement devoted to creating and organizing the joint venture entity. Where the joint venture agreement refers to venturers and committees, the shareholders’ agreement will refer to shareholders and the board of directors, but both will have to deal with such basic matters as decision-making, default, dispute resolution, first refusals, funding, and carrying out work on the project. For convenience, this chapter usually refers to “venturers”, which may be taken to include shareholders.Negotiations give rise to many varying circumstances and concerns, and the main asset of the negotiator is an open and flexible mind. A desired result can often be accomplished indirectly in circumstances where the other side has adopted an inflexible position on a suggested approach. As precedents and standard forms tend to focus a negotiator’s thinking, they can be counterproductive. It is after the deal has been agreed to that a precedent can be of great assistance to the draftsman.The concepts are arranged in alphabetical order for convenience, not to suggest their sequence or position in an agreement or their relative importance. An agreement should adopt a progression of subjects in what the parties consider a logical sequence to read and work with. However, experience has indicated that it is best to set out in a single article the substance of the deal (i.e. the terms relating to the farm-in and what the acquiring party has to do to acquire his interest), preferably near the beginning of an agreement. The acquisition of the interest is, after all, the first order of business. The joint venture provisions will then follow in a reasonable sequence. It is also worthwhile to devote a single article to any special provisions that may apply during the earn-in period. For example, it may be provided that, although all work is to be done by the acquiring party as operator (with the duty of care, liability, and reporting requirements as set out in the joint venture sections of the agreement), but during the acquisition period, the acquiring party, acting as operator, may be at liberty to do such work as he wishes, without the need for any committee or other approvals, and committee meetings may be suspended.2An agreement is divided into paragraphs and articles to make it easier for the parties to read and understand, and to assist a party in finding “that provision” when the need arises. A comprehensive table of contents will also assist the parties who must work under an agreement. An added benefit of a table of contents is that in preparing it, the draftsman sees the overall structure of the agreement and will often catch and correct flaws."

Jan 1, 2003